Next Goldman M&A Target: Brooklyn Heights?
We got an email a few days ago from a regular tipster who’s always been right in the past so we’re tempted to give him the benefit of the doubt this time around. While pointing us in the direction of a recent sale on Joralemon Street, he noted that the buyer happened to be a…
We got an email a few days ago from a regular tipster who’s always been right in the past so we’re tempted to give him the benefit of the doubt this time around. While pointing us in the direction of a recent sale on Joralemon Street, he noted that the buyer happened to be a Goldman Sachs executive. This was, he claimed, part of a trend that’s seen members of the city’s most successful investment bank crossing the East River (more than usual) in recent months to buy a piece of the rock in Brooklyn Heights. Another broker we quizzed, who has several Goldman clients looking in the neighborhood at the moment concurred, said he knew of two Goldman deals that have taken place in recent weeks. The only bank where bonuses are expected to rise significantly this season, Goldman bankers and traders are certainly in the best position to snap up those $5 million-plus houses. Think there’s anything to this “trend” or has it just always been so?
I live in BH. My husband is an MD at a top investment bank (not GS). We love BH but still get curious looks when people find out we live in Brooklyn…until they come to our home! Then all those Manhattanites and posh Suburbians are speechless.
ps- we mostly cook at home (ourselves) or order in, it would be nice to have some more good restaurants but really not a major concern.
i don’t mind 7th avenue.
the middle stretch is a bit blah i guess, but i like practically everything north of 1st street and everything south of 9th street.
there are some good places on 7th. you just have to look a little harder.
I was wondering where The What was. Its been a long thread and we hadn’t heard from you. I was getting worried something might have happened to you….
3:36. Let’s not get carried away with BH and the lack of restaurants. It is, after all, boardered by two neighborhoods that have places (Court Street, and to a lesser extent, Dumbo).
And until 5th Ave came along, the restaurants in PS sucked too. Five-seven years ago PS was no different than BH is now, and 7th ave has always been blah.
They eat alone at their cubicles.
BH residents eat at our offices in the city or at dinner in the city with clients.
Mr. What,
I have often found that the articles that you indicate in your posts often do not exactly support your point.
Did you fully read the article at http://www.guardian.co.uk/feedarticle?id=7126653
?
I read it and it seems to imply Manhattan real estate is not going to plummet at all, that there might be a bit of a decrease on studios and one-bedroom apartments…maybe, but not much. The article addresses the fact that there is a tight housing market in Manhattan which will continue to exist even with a slowdown. It seems to me an “up” Manhattan market will keep the downtown Brooklyn prices bouyant.
BH is the most beautiful brownstone neighborhood. Everybody knows this. And deep inside everybody agrees.
I agree that Brooklyn Heights has some really stunning architecture.
BUT…I think it says an enormous amount about a neighborhood that despite its extremely wealthy residents, it is unable to support and sustain quality restaurants, bars or retail within its borders.
It says to me that Brooklyn Heights is a bedroom community. Without Manhattan, Brooklyn Heights is nothing.
The reason some prefer Park Slope is that it is an all-inclusive neighborhood. It feels like a neighborhood and has all the amenities that a thriving neighborhood should have.
You might not like Park Slope, but it is what it is. A nice neighborhood.